On March 20, following the inclusion of 10 banks including the six major state-owned banks, 12 commercial banks are expected to connect to the central bank's digital renminbi system. Reportedly, seven nationwide joint-stock banks, including Shanghai Pudong Development Bank, Guangfa Bank, Huaxia Bank, Minsheng Bank, Citic Bank, Everbright Bank, and Zhejiang Commercial Bank, as well as five local city commercial banks, namely Jiangsu Bank, Beijing Bank, Ningbo Bank, Nanjing Bank, and Suzhou Bank, are anticipated to join. Currently, there are 10 banks operating the digital renminbi system, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank, China Merchants Bank, Industrial Bank, WeBank, and MYbank. (Caixin)